Sunpower (SPWRA) Guidance Pushes Shares Lower

Sunpower (SPWRA) is a mirror of the overall volatile and weak solar sector, as first quarter earnings were down and guidance for the second quarter was far below analysts' estimates.

The solar company recently reported earnings of $0.15 per share, $0.02 below consensus of $0.17

Revenue missed by a lot, coming in at $451.4 million against consensus of $478.6 million.

Going forward, they guided revenues of $500 million to $550 million for the second quarter, far below the $597.35 million analysts at Thomson Reuters were looking for.

They are spinning the decision by Italy to focus on rooftop solar as a positive for them. That could be, but there is still a lot of uncertainty in the country even with the announcement of where they're going to go.

Germany also announced on Friday they're probably going to revisit their commitment to the size of its feed-in-tariff, which is likely to be lowered, based on the comment itself.

SunPower closed Friday at $21.23, down $0.15, or 0.70 percent.